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PayTabs

From EverybodyWiki Bios & Wiki
PayTabs
Type of businessPrivate
FoundedApril 2014; 7 years ago (2014-04)
HeadquartersBahrain
Area servedWorldwide
Founder(s)Abdulaziz AlJouf
IndustryFinancial Services
ProductsCredit cards, Payment Systems
ServicesFintech, Blockchain
Websitewww.paytabs.com
Native client(s) onAndroid
iOS

PayTabs is a financial technology firm that provides payment processing and fraud prevention solutions for merchants and individuals across the MENA region.

The company offers online payment solutions that include online invoicing for customers who sell through their websites and social media accounts; and eCommerce plugins and API solutions for merchants that sell through online stores.[1][2]

PayTabs also provides an eStore platform, which is suitable for social sellers (Instagram, Facebook and Twitter sellers) as well as others without an online store.[3]

As of March 2018, PayTabs provides its online payment solutions to businesses in more than 21 countries across the Middle East, North Africa and South East Asia; with support for over 176 currencies. [4][5]

Origins[edit]

PayTabs started operating in April of 2014. The company was founded by Abdulaziz Aljouf, a Saudi entrepreneur based between the Kingdom of Saudi Arabia and the Kingdom of Bahrain. [6][7]

PayTabs was incorporated in the Kingdom of Saudi Arabia and is headquartered in the Kingdom of Bahrain, with offices in UAE & India as well. [8]

The company was founded with the objective to contribute to the relatively untapped eCommerce potential in the MENA region by offering easy to integrate, online payment-processing solutions.[9]

Investment[edit]

In 2017, PayTabs was able to secure a total funding of upwards of 20 million U.S. Dollars. With both Series A and Series B rounds of funding led by Saudi Aramco’s Entrepreneurship Venture “Wa’ed”, along-side other undisclosed investors. [10] [11]

PayTabs is currently in the process of raising their 3rd round of funding in 2018, with intentions to venture into a minimum of 20 new markets in the MENA region. [12]


References[edit]


This article "PayTabs" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:PayTabs. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

  1. "Company Overview of PayTabs; Bloomberg". Bloomberg.com. 2014-09-15. Retrieved 2018-06-16.
  2. "Top 20 Fintech Startups; Forbes Middle East". Forbesmiddleeast.com. 2017-11-15. Retrieved 2018-06-16.
  3. "PayTabs is on the path to boost eCommerce; Thomson Reuters". Zawaya.com. 2014-07-14. Retrieved 2018-06-16.
  4. "Will Bahrain-based PayTabs be able to Facilitate India's Small and Medium Merchants?; Entrepreneur.com -". Entrepreneur.com. 2018-03-09. Retrieved 2018-06-16.
  5. "New breed of payment gateways set to make Arab e-commerce accessible; Wamda". Wamda.com. 2014-09-15. Retrieved 2018-06-16.
  6. "Abdulaziz Al Jouf; Crunchbase -". Crunchbase.com. 2018-03-09. Retrieved 2018-06-16.
  7. "Company Overview of PayTabs; Bloomberg". Bloomberg.com. 2014-09-15. Retrieved 2018-06-16.
  8. "PayTabs Case Study; Bahrain Economic Development Board" (PDF). bahrainedb.com. 2017-06-13. Retrieved 2018-06-16.
  9. "Wa'ed Ventures' Portfolio; Wa'ed - Saudi Aramco". waed.net. 2017-08-23. Retrieved 2018-06-16.
  10. "PayTabs Funding Rounds; Crunchbase". Crunchbase.com. 2017-08-21. Retrieved 2018-06-16.
  11. "PayTabs raises $20m investment for global expansion; ArabNews". Arabnews.com. 2017-08-28. Retrieved 2018-06-16.
  12. "Bahrain based startup seeks 3rd round of funding; Thomson Reuters". Zawaya.com. 2018-04-09. Retrieved 2018-06-16.